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07-12-2011 Budget Workshop Meeting• • MIAMI SHORES VILLAGE FISCAL YEAR 2011-2012 BUDGET WORKSHOP MEETING The Miami Shores Village Council met on Tuesday, July 12, 2011 to conduct their Fiscal Year 2011-2012 Budget Workshop. The Workshop was called to order in the Conference Room of Village Hall at 6:05 PM with the following members present: PRESENT: ALSO PRESENT: Jim McCoy Hunt Davis Al Davis Steve Loffredo Jesse Walters Tom Benton, Village Manager Barbara Estep, Village Clerk Holly Hugdahl, Finance Director Lisa Keeley, Finance Department Marilu Manso, Finance Department Mayor McCoy called the Workshop Meeting to order, reviewed a number of procedural issues related to the meeting format, and then introduced Mr. Benton, who offered introductory remarks that had been contained in the Budget Message. Mr. Benton stated that although the Village experienced another year of declining property values, the percentage of decrease was less than last year and less than what had been reported in the preliminary assessment notice of June 1st. Mr. Benton indicated that as is customary in the budget preparation, the Administration evaluates the anticipated revenues versus the departmental expenses. In comparing the two figures, the budget was initially out of balance by approximately $1.1 million. Mr. Benton advised that the budget will be balanced by using funds from the Fund Balance to account for the difference between expenses and revenues. Mr. Benton further advised that a hiring freeze that has been in effect for the past number of years continues, and that the Village departments have been frugal with their expenditures. Mr. Benton indicated that the budget is balanced with few programming or service cuts. Mr. Benton advised that the budget contains a General Fund budget of $12,296,566, and that the Sanitation and Stormwater fees will remain at the current levels for the new fiscal year beginning October 1, 2011. Mr. Benton reviewed the Village's revenue projections and responded to Council questions regarding the stated projections. The Village Council reviewed the following individual Departmental Budgets, with Mr. Benton and the Department Heads advising the Council of the various changes to the individual budgets and responded to questions posed by the Council Members. There were no suggested amendments made to the presented budgets. Planning & Zoning Building Department Code Enforcement Library • • Recreation Police Department Public Works Mayor & Council Village Attorney Village Clerk Finance Department Village Manager At the conclusion of the departmental reviews, it was the consensus of the Council to propose leaving the millage rate at 8.0 and the Debt Service millage rates at 0.3109 for the Aquatic Center and 0.4746 for the Doctors Charter School. The Council thanked the staff for their work in preparing the budget document. Ms. Estep advised the Council that the two Budget Hearings would be scheduled for Tuesday, September 6 and Tuesday, September 20, at 6:30 PM. The Council Budget Workshop on the proposed Fiscal Year 2011-2012 Operating Budget and Capital Budget was adjourned at 9:35 PM. Barbara A. Estep, MMC Village Clerk Jim McCoy, Mayor